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Finland Sets $1.2 Million Tech Prize

Updated Oct. 23, 2003 12:01 a.m. ET

Finland will award a $1.2 million international prize next year for technological innovations that improve the quality of life. The Millennium Technology Prize, proposed by the government in 1999, will be awarded every other year by the Finnish Technology Award Foundation, an independent fund established last year. "We're not competing with the Nobel Prizes because this is in the field of technology," said Ossi Kokkonen, a foundation member. The technology prize, among the largest of its kind, will be given to an individual, project or community, Kokkonen said. Universities, research institutes and national...